New home sales still down in July 2023, signals weak home building in 2024
The low level of new home sales and the surge in cancelled purchases reinforce the forecast of a decade-low level of home building next year.
Source: yourmortgage.com.au
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"Acute" land shortage boost prices over March 2023 quarter
The HIA-CoreLogic Residential Land Report showed that land prices have risen 23% over the three years from March 2020 to March 2023.
Source: yourmortgage.com.au
$500m fire sale: Lenders begin to break up Jean Nassif's crumbling empire
The ‘worst fears’ of owners are that there will be no money left to fix millions of dollars worth of defects on Toplace developments.
Source: smh.com.au
Are dwelling commencements in Q1 2023 enough to meet housing needs?
According to the Australian Bureau of Statistics, there was a surge in the commencements for multi-unit homes during the first quarter of 2023.
Source: yourmortgage.com.au
Gen Z tradies with 'bad attitudes' are to blame for labour shortages
Industry experts have sugested labour shortages in the construction industry are due to a generational shift, with those in the Gen Z cohort being too 'soft' and 'entitled' to work in the sector.
Source: dailymail.co.uk